Case

Preliminary Issue: ALL has all of a sudden decided to diversity a sassy listener, which is very suspicious. We as the potential new auditors should consider is in that respect any professional reason constitute to this in advance accepting the lap up. Furthermore, we must obtain ALL license to contact the previous auditor(SF Partnership,LLP) to get their working papers ascribable(p) to issues of confidentiality. We need to hold up what concerns the previous auditor has to consider is there any professional reason we should not accept the audit. Since this is the prototypic time auditing and we argon still student in UTM, we halt to evaluate our own competence as well to obtain whether we lose the knowledge and resource to complete the audit. The situation that this is separate audit because ALL has to two subsidiaries should be aware of. more than importantly, we need to check if ALLs subsidiaries auditors also have competence and objectivity in social club to decide if we send packing rely on its working paper. The access to all the entropy must be available from management is also considerable. in one case we accept, we should present engagement letter contains nature, timing and extent of auditing work and list any restrictions and all limitations. We should investigate ALL before start working on the audit report.

We should also know the nature of the business and understand the growth and history of this industriousness in Canada. Since the balance sheet date is October 31, so we are doing the interim auditing and we should test the control and do substantive analysis. The auditor has the responsibility to give an opinion on the consolidated F/S based on conducting the audit in concord with Canadian generally accepted auditing standards. Management is responsible for the formulation of this consolidated F/S in accordance with the generally accepted accounting principles to ensure the F/S is free from material misstatement whether due to error or fraud. Audit Risk: All suddenly to change the new auditor and it is our first time to do the auditing work, so the... If you want to get a full essay, order it on our website: Ordercustompaper.com

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